Examples of Series B Note in a sentence
Each Series A Note and Series B Note bear interest on the unpaid balance at the rates of 5.50% and 5.85%, respectively.
Each Series A Note and Series B Note bear interest on the unpaid balance of such Series A Note and Series B Note at the rates of 5.03% and 5.31%, respectively, per annum payable semiannually on the September 22 and March 22 of each year.
Form of Registered Series B Note Number SDR INTERNATIONAL MONETARY FUND REGISTERED NOTE SERIES B NOTE Issue Date: Maturity Date: [to include description of automatic extensions of maturity] The INTERNATIONAL MONETARY FUND (“the Fund”), for value received, hereby promises to pay to , being the registered holder of this note, an amount equivalent to Special Drawing Rights (SDR ) on the maturity date specified above and to pay interest thereon as set forth below.
The Series B Note was issued to the City of Leaf, as the lender and is held by the bond trustee as security for the bondholders.
It cannot have priority over the Series A Note and the Series B Note and nor can this borrowing jeopardize the security of the previous two debts.